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At-home Miner Capitulates? $2.4M Texas Bitcoin Mining House for Sale

At-home miner capitulates after halving?

The owner of a 5,786 square-foot “turn-key” bitcoin mining house located on a residential street in Dallas, Texas, is selling the property for $2.4 million.

According to pictures included in the sale post on Zillow, the property’s exterior resembles an ordinary residential house. However, inside it houses an immersion-cooled data center facility.

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“Formerly AT&T, this upgraded turnkey Tier 2 Data Center is a Full Liquid Cooling Immersion System. True multi-use facility whether you need AI services, cloud hosting, traditional data center, servers, or even Bitcoin Mining – this site has it all!” the seller claimed in the ad, highlighting the following upgrades:

  • 500 kW 3 Phase Panels with digital monitors
  • Full Liquid Immersion System
  • 500 kW Dry Cooler
  • 3 Phase Pump
  • 3 Slic Tanks
  • 5 New HVAC Units

One of the images shows three immersion tanks, each containing two dozen bitcoin ASIC hashing boards. Other images suggest that the current owner is associated with a company called Crypto Collective.

Based on the price data provided by Zillow, the property was acquired by the current owner in 2021 for approximately $1 million.

It is unclear why the owner has decided to sell the facility after the upgrades, but it was listed on Zillow on June 10, which was less than two months after the bitcoin halving.

Local energy data suggests that the residential power rate in Dallas ranges from $0.12 to $0.18 per kWh. Bitmain’s Antminer S21, with an efficiency of 18.5 J/TH, would incur a daily hash cost of $53/PH/s at an energy rate of $0.12/kWh. This rate is just about breaking even since bitcoin’s hash price is also around $53/PH/s.